Archive for the 'Economy' Tag Under 'Orange Punch' Category

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Doesn't this sounds like the old joke, "You lose money on every sale..." - "Yeah, but I make it up in volume."

Here's an excerpt from the Washington Post reporting on Americans opting out of the banking system, of course finding fault with banks because they have to charge fees which these people would rather not pay, which is the fault of the government, which made the fees necessary.

But the best part of the report is this exchange:

“There has to be a recognition that there are costs to providing accounts and those costs have to be covered,” said Nessa Feddis, vice president and general counsel at the American Bankers Association. She estimated that it costs banks up to $300 a year to maintain a checking account because of expenses such as processing transactions."

"National Community Reinvestment Coalition chief executive John Taylor argued that banks could make up some of that cost by the sheer volume of new accounts."

The problem in speaking without a teleprompter is that sometimes you say what you really believe.

As the Heritage Foundation's Amy Payne puts it "In now-infamous comments on Friday, President Barack Obama informed America that 'the private sector is doing fine.' This, of course, was news to the 12.7 million people who are out of work and the millions more who are struggling with the part-time jobs they can find, or have simply given up looking."

The part we liked even more (because it's even more revealing of Obama's thought process and inclinations) is that he said what's really wrong today is that we need more government jobs, that is, tax-paid jobs.

That should fix it. We can all go to work for the government. And then we can, hm, all live off the other guy's taxes? Hm.

Is anyone surprised? The corporate tax rate in California is horrendous, the workforce is taxed worse than the corporations, the cost of living is off the charts thanks in large part to the costly burdens added by government regulations and housing, well, you know how that compares for California versus the rest of the world.

Take a drive through your neighborhood, if you dare increase your carbon footprint. Count the number of houses and then the number of houses with that outdoor plumbing atop the roof. You know, the solar panels.

After you've counted up 1,000 or so houses, how many had solar panels? 10? Not that many?

How many "green jobs," better known as "installers," do you think those 10 panels created over the year, or five years, or 10 years or whatever it took to put that plumbing on those few roofs?

You can bet your last dollar that there were far more burger-flipping jobs created in your same community during that time. Far more. And not surprisingly, far more money made flipping burgers too.

The "green job" revolution is a fraud. It's a government contrivance. Every reputable report - which is to say every report not written to justify tax subsidies - documents that green jobs are for the most part over-counted, low-paying, temporary and vaguely defined. It is a good way, however, for Big Government advocates to pretend that they are doing something worthwhile with your tax money.

"[W]e can either have an economy that puts the private citizen at the center -- the consumer, the worker, the entrepreneur -- and lets each individual be the judge of what to buy or sell, where to work, where to invest, and what to create. Or we can put the government at the center of the economy and let the bureaucrats and politicians call the balls and strikes and decide who's out of business, or who will get the big contract and be home free."

Nearly half of U.S. households receive government benefits. We've reached record highs of those relying on government-paid benefits, which is to say, benefits paid for by taxpayers, which is another way of saying redistributed wealth.

Which is another way of saying socialism.

"I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious," someone once said.